Consolidated Q1 2026 revenue of 5.38 billion KRW (+13.9% YoY from 4.73 billion), operating profit improved but net profit fell 54% to 1.07 billion due to financial losses (convertible bond interest of 0.48 billion, derivative valuation loss of 0.23 billion, etc.)
Debt ratio rose to 53.4% (from 50.3% at year-end 2025), with 20 billion won in convertible bonds (conversion price 957 won) and 10.48 billion in derivative liabilities
76% of sales (4.1 billion) concentrated on largest shareholder Samojeil, and loans to subsidiaries/associates fully impaired (approx. 5.3 billion)
R&D expenses of 0.72 billion won (13.4% of sales) maintained